Cryptocurrency exchange-traded products (ETPs) bounced back with their third-largest inflows on record last week, according to CoinShares. Global crypto ETPs collectively posted $3.4 billion of inflows in the trading week of April 21–25, marking the highest level since December 2024, CoinShares reported on April 28. The inflows were just 13% below the all-time high of…
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Onchain sleuth ZachXBT has flagged a suspicious transfer involving 3,520 Bitcoin (BTC) (valued at $330.7 million) that may indicate a major theft. The transaction, reported on April 28, saw funds moved from a potential victim’s wallet to the address bc1qcry…vz55g. Following the transfer, the stolen stash was quickly laundered through over six instant exchanges and…
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Caitlin Long, founder and CEO of Custodia Bank, has criticized the US Federal Reserve for quietly maintaining a key anti-crypto policy that favors big-bank-issued stablecoins, despite relaxing crypto partnership rules for banks. In an April 27 thread on X, Long explained that while the Fed recently rescinded four prior crypto guidelines, it left intact a…
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Key points: High Bitcoin ETF inflows don’t always signal a price top as historical data is mixed. Spot Bitcoin inflows often precede short-term price rises, not reversals. Bitcoin may hit $100K but faces resistance. Bitcoin’s (BTC) price recovery may be stalled at $100,000 as questions emerge whether high ETF inflows have always marked the local…
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Cryptocurrency services platform Nexo announced that it is reentering the US market after facing previous regulatory challenges. According to an April 28 announcement, Nexo’s reentry event featured Donald Trump Jr., who said that he thinks “crypto is the future of finance,” adding: “We see the opportunity for the financial sector and want to ensure we…
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Bitcoin (BTC) is bracing for a major US macro data week as crypto market participants warn of serious volatility next. Bitcoin retests $92,000 after a promising weekly close, but traders still see a deeper BTC price correction to come. A bumper week of US macro data comes with the Federal Reserve under pressure on multiple…
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Coinbase has urged the US Office of Government Ethics to remove a rule banning Securities and Exchange Commission staff from holding crypto. SEC staff need to use crypto to better understand how it works and the best way to regulate it, Coinbase chief legal officer Paul Grewal argued in open letters sent to OGE acting…
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Bitcoin is starting to act as a store of value during times of “US-risk-off” sentiment, marking a potential shift in its relationship with traditional assets, according to the New York Digital Investment Group. Bitcoin (BTC) felt “noticeably different” over the trading week ended April 25, NYDIG’s global head of research Greg Cipolaro said in an…
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Key takeaways: Heavy liquidations played a role in Bitcoin’s return to $95,000. Bitcoin’s weakening correlation with stocks highlights its growing independence as an asset. Bullish institutional investor positioning contrasts with retail traders’ caution, supporting a rally above $100,000. Bitcoin (BTC) gained 11% between April 20 and April 26, demonstrating resilience by holding near its two-month…
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